Spin City Laundry Company LLC
How we got $760K
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Spin City Laundry Co. operates laundromats in Oklahoma offering self-service and drop-off laundry service, with attendants on duty and a Fascard loyalty program.
From the company's website. Industry: Dry cleaners & laundry.
Estimated value over time
▲ 12% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPIN CITY LAUNDRY COMPANY LLC this business | $1.5M | — |
| NORTHSIDE LAUNDRY AND CLEANERS INC Stillwater · 13 employees | $1.5M | 0.7 mi |
| Washing Town Stillwater | $668K | 1.2 mi |
| Laundry Express Stillwater | $1.3M | 1.2 mi |
| Cowboy Laundry Stillwater | $668K | 1.6 mi |
| Duffy Dry Cleaners & Laundry Stillwater | $668K | 2.1 mi |
| SULA ENTERPRISES, L.L.C. Stillwater · 10 employees | $659K | 2.4 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $904K |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $292K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $760K |
| Multiple for this size and industry | 2.6× |
| Value range | $400K – $1.0M |
| Revenue range | $979K – $1.7M |
| EBITDA range | $192K – $333K |
| Industry (NAICS) | Coin-Operated Laundries and Drycleaners (812310) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $36K | 18 |
3 locations
| 809 E VIRGINIA | Stillwater | This listing |
| 1106 W Main St | Henryetta | View |
| 5905 S Western Ave | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spin City Laundry Company LLC
Spin City Laundry Company LLC is a dry cleaners & laundry company in Stillwater, Oklahoma, in business since 2021. Its estimated annual revenue is about $1.5M, with roughly $292K of EBITDA. It has about 18 employees. Its estimated business value is $760K (likely range $400K–$1.0M). It has 3 locations.
Common questions
- Who owns Spin City Laundry Company LLC?
- The owner of Spin City Laundry Company LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Spin City Laundry Company LLC make?
- SeeBITDA estimates Spin City Laundry Company LLC's annual revenue at about $1.5M (likely between $979K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spin City Laundry Company LLC worth?
- About $760K, roughly 2.6× its estimated EBITDA of $292K, typical for a dry cleaners & laundry company its size. Likely range: $400K–$1.0M.
- How many employees does Spin City Laundry Company LLC have?
- About 18, as reported on its PPP loan.
- When was Spin City Laundry Company LLC founded?
- Spin City Laundry Company LLC has been in business since 2021.